President's Revenue Plan Rewards Tax Dodgers

President Obama’s budget, which was released today, rewards corporate tax avoiders by forgiving hundreds of billions of dollars of corporate income taxes they owe on profits stashed offshore. The president proposed a minimum tax on offshore corporate profits last year, but only with today’s budget was he specific about the tax rates he would propose.

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State and Local Taxes Fall More Heavily on Lower-Income Americans

The wealthiest one percent of households – those with an annual income of at least $419,000 a year – pay half the tax rate of households earning less than $18,000, a new report by the Institute on Taxation and Economic Policy (ITEP) shows. Who Pays? A Distributional Analysis of the Tax Systems in All 50 States, which examines tax rates at the state and local levels, concludes: the lower one’s income, the higher one’s overall effective (actual) state and local tax rate.

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New Legislation Aims to End High-Frequency Trading but Misses Opportunity to Invest in Critical, Underfunded Public Needs

Earlier this week, Maryland Congressman Chris Van Hollen introduced a much-needed sales tax on Wall Street transactions. The legislation would largely put an end to high-frequency trading by firms seeking to game the market.

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Lawmakers Push to Stop Tax Haven Abuse

On Jan. 13, Rep. Lloyd Doggett (D-TX) and Sen. Sheldon Whitehouse (D-RI) introduced the Stop Tax Haven Abuse Act. The bill would eliminate incentives for U.S. companies to shift jobs overseas, close offshore loopholes to ensure corporations are paying their fair share in taxes, and change rules on corporate inversions

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Investing in Our Future: President’s Proposal Promises Free Community College Tuition

The White House has released a proposal to allow students to attend community college for free for their first two years if they work hard and keep their grades up. The “America’s College Promise” plan prioritizes public investments in more affordable education and could benefit as many as 9 million American students enrolled in community colleges across the country.

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Downward Trend Continues in Enforcement of Environmental Standards

Don’t be surprised if you missed hearing about the U.S. Environmental Protection Agency’s (EPA) annual report on its compliance and enforcement efforts for fiscal year (FY) 2014. The report, released the week before Christmas with little public or media attention, highlights what has become a disturbing downward trend over the past several years. Reductions in enforcement can mean less compliance with pollution control requirements and more exposure to toxic chemicals, putting human health and natural resources at risk.

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Breathing Easier Because of the Clean Air Act

Today is the birthday of the Clean Air Act, legislation signed into law by President Richard M. Nixon forty-four years ago. This law is the centerpiece and platform for protecting the quality of the air we breathe. It took decades of work to get clean air laws passed, and over time amendments have been added to strengthen our air quality standards and to respond to new risks. This is the story of how we established standards to protect a public good that we all need, but most of us take for granted.

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Beef Industry Groups Meet to Discuss Sustainability but Leave with a Marketing Plan

A coalition of beef producers and major food companies met last month in Brazil to address an issue of increasing importance: the significant, harmful environmental impact of raising beef cattle in a world with a growing population and declining resources.

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Flow of Illicit Money Undermines Governments and Impedes Development

A lack of transparency in the global financial system hinders the ability of governments worldwide to stop the flow of illicit money that comes from crimes like tax evasion, money laundering, and bribery. These illegal flows rob many poor nations of their opportunity to develop and thrive.

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Congress Slashes EPA Budget Again Despite Strong Public Support for Strengthening Health Protections

In a continuing effort to dismantle the ability of the U.S. Environmental Protection Agency (EPA) to protect public health and the environment, Congress is poised to adopt a fiscal year 2015 budget that would reduce the agency's funding for the fifth year in a row.

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